scorecardUS stocks fall and bond yields jump ahead of speech from Fed chief Powell
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US stocks fall and bond yields jump ahead of speech from Fed chief Powell

Jason Ma   

US stocks fall and bond yields jump ahead of speech from Fed chief Powell
Stock Market1 min read
  • US stocks fell Monday as bond yields continued to spike on expectations for more hawkish Fed moves.
  • That followed Friday's blockbuster jobs report that raised fears over a tight labor market.

US stocks fell Monday as bond yields continued to rise on expectations for more hawkish moves from the Federal Reserve.

That followed Friday's blockbuster jobs report that raised fears the labor market remains tight, which would force the Fed to keep benchmark rates higher for longer to bring inflation back to its 2% target.

Meanwhile, iunvestors will be watching for remarks on Tuesday from Fed Chairman Jerome Powell, who will speak at the Economic Club of Washington.

Here's where US indexes stood at the 4 p.m. market close on Monday:

Here's what else is happening today:

In commodities, bonds, and crypto:




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